LoanStacker can quickly scale your company be reducing costs and overhead, increasing efficiency during peak months, and minimizing seasonal labor costs!
Benefits of Paperless Loan Processing:
- Avoid costly delivery delays and errors
Prevents users from shipping loans unless all required documents are present and sorted in the correct stack order.
- Improve customer service
Respond to customer inquiries instantly instead of taking a message and calling them back after you finally find the file you need.
- Makes mortgage scanning usable and cost effective
Without OCR, labeling each document is too labor intensive to be cost effective. Without labeling each document, a scanned mortgage file cannot be used to underwrite or ship to investors.
- Reduce scanning time by over 80%
Scanning solutions that require manual naming of documents can take more than 5 times longer to scan a mortgage loan file. Time savings are even greater when you consider the fact that OCR is automatic and can run in the background.
- Save on office supplies
A typical mortage broker will save $10-$25 per loan on paper, toner, equipment leasing and other office supplies associated with paper-based loan processing.
- Go green!
Save trees and impress your environmentally conscious customers.
- Reduce shipping costs and time
Instantly deliver any document electronically, saving you thousands on FedEx/UPS charges, fax tolls and time spent stuffing envelopes, writing shipping labels, etc.
- Increase productivity
Typical customers can process up to 50% more loans with the same staff after implementing LoanStacker
- Save on paper storage costs
Free up office space taken up by filing cabinets and file storage rooms. Eliminate off-site storage.
- Access files anytime from anywhere
Any document can be viewed from any computer connected to your network. Files can be shared with multiple users without copying.
- No more flipping pages to find specific documents
Since each document in the loan is individually labeled, there is no need to flip through hundreds of pages to find the one you need.
- Unlock the best features of your Loan Origination Software
Many LOS packages have document tracking, checklists and business rules that only work if each document is scanned and identified in the loan’s e-folder. LoanStacker is the only way to unlock these features without adding hours of extra work to each loan.
- Automate the submission process
Apply investor stack orders automatically to create ordered PDF files that are ready for electronic submission.
- Compatible with any document provider
Recognition of documents does not depend on any specific barcodes or formatting. DocuTech, DocMagic, Calyx Point, VMP, etc. are all compatible.
- Compatible with custom loan documents
LoanStacker can be customized to recognize your company’s custom formats and internal documents, as well as non-standard documents like credit reports, bank statements, pay stubs, VOE, etc. Full list of recognized documents.